A Comment About

Expensive Money

September 21, 2007 - 4:42 pm - by Brad Rourke
Steve
2007-09-21 15:33:17

Mob Loan Sharks are waiting in the wings. The demand for short term loans predates Payday lending and it will continue after the industry gets crushed. Less consumer choice is the result. You got 40 bucks for a high end cd player. What rate did you calculate for that transaction? What is the APR on a broken leg? Do everyone a favor and spare them from your paternal instincts. It’s funny that you don’t call for the end of pawn shops or the Mafia. Why is that?